PBOC sets USD/CNY mid-point today at 6.6487 (vs. Friday at 6.6473)

Also on Friday, CFETS set the basket rate for the yuan:
At 95.02
– up 0.38 on the week (i.e. from 94.64)
Friday was also notable for the introduction of 2-month reverse repos (63-day RRs) to open market operations from the People’s Bank of China. this The eases liquidity pressure further, aimed at stabilising it in a more medium to

Tags: